Procter & Gamble Co. PT Raised to $97.00 at JPMorgan Chase & Co. (PG)
Stock analysts at JPMorgan Chase & Co. hoisted their price objective on shares of Procter & Gamble Co. (NYSE:PG) from $90.00 to $97.00 in a report issued on Monday, AnalystRatings.NET reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 19.31% from the stock’s previous close.
Procter & Gamble Co. (NYSE:PG) traded up 1.63% during mid-day trading on Monday, hitting $81.30. The stock had a trading volume of 9,820,850 shares. Procter & Gamble Co. has a 1-year low of $65.83 and a 1-year high of $82.54. The stock’s 50-day moving average is $79.60 and its 200-day moving average is $78.70. The company has a market cap of $225.8 billion and a P/E ratio of 20.30.
Procter & Gamble Co. (NYSE:PG) last announced its earnings results on Friday, October 25th. The company reported $1.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.06 by $0.01. The company had revenue of $21.21 billion for the quarter, compared to the consensus estimate of $21.09 billion. During the same quarter last year, the company posted $1.06 earnings per share. Procter & Gamble Co.’s revenue was up 2.2% compared to the same quarter last year. On average, analysts predict that Procter & Gamble Co. will post $4.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Investors of record on Friday, October 18th will be paid a dividend of $0.60 per share. This represents a $2.41 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Wednesday, October 16th.
Several other analysts have also recently commented on the stock. Analysts at B. Riley raised their price target on shares of Procter & Gamble Co. to $89.00 in a research note to investors on Friday, October 18th. They now have a “neutral” rating on the stock. Separately, analysts at Wells Fargo & Co. upgraded shares of Procter & Gamble Co. from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, October 7th. Finally, analysts at Barclays downgraded shares of Procter & Gamble Co. from an “overweight” rating to an “equal weight” rating in a research note to investors on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $85.65.
The Procter & Gamble Company (NYSE:PG), is focused on providing consumer packaged goods.
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